agriculture sector subsidy & food processing section 6 MCQ Questions & Answers Detailed Explanation

Question : 1

NABARD was established in the

a) Fifth Five Year Plan

b) Fourth Five Year Plan

c) Sixth Five Year Plan

d) Eighth Five Year Plan

Question : 2

Consider the following statements :

1. Central warehousing corporation is responsible for the construction and running of the godowns for storage of agriculture products.
2. Central warehousing corporation of India was established in 1957.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 3

Consider the following statements about the National Agricultural Insurance Scheme (NAIS)?

1. In National Agricultural Insurance Scheme (NAIS), the premium of the insurance for the different crops is the same.
2. The National Agricultural Insurance Scheme (NAIS) has no sun-set clause for the premium subsidy provided by the governments.

a) Only 2

b) Only 1

c) Both 1 and 2

d) Neither 1 nor 2

Question : 4

Consider the following statements :

1. Minimum Wages Act is only applicable to the scheduled employments of the centres and the states.
2. Minimum Wages Act has allowed discrimination between male and female workers or different minimum wages for them.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 5

In which five year plan in Indian Economy, the targets for the crop function were not fixed for the first time-

a) Eighth five year plan

b) Ninth five year plan

c) Seventh five year plan

d) Tenth five year plan

Question : 6

What are the main objectives of an agriculture price policy?

1. To ensure that the producer gets a minimum remunerative price.
2. To maintain reasonable terms of trade between agricultural sectors.
3. To maintain the general price level and protect the non-producing consumer from violent fluctuations in the price of food grains.

a) All the above

b) Only I

c) I & II

d) None of the above